Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE RANDOLPH FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)255 EAST 49TH STREET No 23D
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10017
A Employer identification number

47-0892971
B Telephone number (see instructions)

(212) 752-7148
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$59,879,956J Accounting method:
MODIFIED CASH
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 11,192 11,192  
4 Dividends and interest from securities... 354,260 310,320  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,271,997
b Gross sales price for all assets on line 6a 10,821,568
7 Capital gain net income (from Part IV, line 2)... 3,271,705
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 25,534 25,534  
12 Total. Add lines 1 through 11........ 6,662,983 3,618,751  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 475,000 169,000   306,000
14 Other employee salaries and wages...... 144,843 17,453   127,390
15 Pension plans, employee benefits....... 238,431 33,430   205,001
16a Legal fees (attach schedule)......... Click to see attachment 11,611 0   11,611
b Accounting fees (attach schedule)....... Click to see attachment 70,000 16,000   54,000
c Other professional fees (attach schedule).... Click to see attachment 453,301 369,880   54,000
17 Interest............... 173,334 124,557   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 133,831 10,831   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 33,855 10,157  
20 Occupancy.............. 88,228 26,468   61,760
21 Travel, conferences, and meetings....... 16,607 1,661   14,946
22 Printing and publications.......... 4,524 1,357   3,167
23 Other expenses (attach schedule)....... Click to see attachment 171,124 49,326   121,798
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,014,689 830,120   959,673
25 Contributions, gifts, grants paid....... 1,238,750 1,238,750
26 Total expenses and disbursements. Add lines 24 and 25 3,253,439 830,120   2,198,423
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,409,544
b Net investment income (if negative, enter -0-) 2,788,631
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 204,879 161,137 161,137
2 Savings and temporary cash investments......... 3,309,680 6,231,229 6,231,229
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   33,000    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,928,143 Click to see attachment2,007,104 2,007,104
b Investments—corporate stock (attach schedule)....... 10,846,652 Click to see attachment13,401,874 13,401,874
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 35,245,525 Click to see attachment37,688,303 37,688,303
14 Land, buildings, and equipment: basis bullet1,288,717
Less: accumulated depreciation (attach schedule) bullet902,379 420,193 Click to see attachment386,338 386,338
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment3,971 Click to see attachment3,971
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 51,988,072 59,879,956 59,879,956
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 51,988,072 59,879,956
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 51,988,072 59,879,956
30 Total liabilities and net assets/fund balances (see instructions). 51,988,072 59,879,956
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
51,988,072
2
Enter amount from Part I, line 27a .....................
2
3,409,544
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,482,340
4
Add lines 1, 2, and 3 ..........................
4
59,879,956
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
59,879,956
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a NEW VERNON MATRIX K-1 P    
b ESSEX PRIVATE PLACEMENT K-1 P    
c ESSEX PRIVATE PLACEMENT K-1 UBIT P    
d HARDING LOEVNER-PUBLICLY TRADED SECURITIES P    
e CAPITAL MIDWEST III K-1 & TAX CREDIT P    
CURRENCY GAIN/LOSS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     115,397 -115,397
b 4,467,967     4,467,967
c     3,000,292 -3,000,292
d 6,315,846   4,434,174 1,881,672
e 37,648     37,648
107     107
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -115,397
b       4,467,967
c       -3,000,292
d       1,881,672
e       37,648
      107
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,271,705
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 38,762
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 38,762
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 38,762
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 23,413
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 21,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 44,413
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 375
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,276
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,276 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletThe Organization Telephone no.bullet (212) 752-7148

    Located atbullet255 EAST 49TH STREET No 23DNEW YORKNY ZIP+4bullet10017
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    HEATHER R HIGGINS TRUSTEE/PRESIDENT
    40.00     		340,000 103,037 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    JAMES E HIGGINS TRUSTEE/TREASURER
    10.00     		135,000 17,550 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    JOANN BEYER TRUSTEE
    1.00     		0 0 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    POLLY JACKSON FRIESS TRUSTEE
    1.00     		0 0 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    PAMELA FRANCO OPERATIONS MANAGER
    40.00     		130,000 51,149 0
    255 EAST 49TH STREET
    NEW YORK,NY10017
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    HARDING LOEVNER INVESTMENT ADVISORY 174,352
    400 CROSSING BLVD
    BRIDGEWATER,NJ08807
    ESSEX CAPITAL MANAGEMENT INVESTMENT ADVISORY - THRU PARTNERSHIP 100,996
    125 HIGH ST
    BOSTON,MA02110
    CAMPION RESEARCH & CONSULTING SERVICES CONSULTING 54,000
    53 WHITE OAK DRIVE
    PROSPECT,CT06712
    CAPITAL MIDWEST FUND INVESTMENT ADVISORY - THRU PARTNERSHIP 50,000
    10556 N PORT WASHINGTON RD
    MEQUON,WI53092
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 PROVIDING ADVICE TO NOT-FOR-PROFIT ORGANIZATIONS THAT ARE RANDOLPH FOUNDATION GRANTEES REGARDING THEIR CHARITABLE PROGRAMS 264,831
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    50,952,888
    b
    Average of monthly cash balances.......................
    1b
    208,489
    c
    Fair market value of all other assets (see instructions)................
    1c
    2,216,500
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,377,877
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    53,377,877
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    800,668
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,577,209
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,628,860
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,628,860
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    38,762
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    438,607
    c
    Add lines 2a and 2b............................
    2c
    477,369
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,151,491
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,151,491
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,151,491
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,198,423
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,198,423
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,198,423
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,151,491
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 699,411
    b From 2016...... 746,272
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 1,445,683
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,198,423
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,151,491
    e Remaining amount distributed out of corpus 46,932
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,492,615
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		699,411
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		793,204
    10 Analysis of line 9:
    a Excess from 2016.... 746,272
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 46,932
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    PAMELA FRANCO
    255 EAST 49TH STREET 23D
    NEW YORK,NY10017
    (212) 752-7148
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN PROPOSAL ALONG WITH IRS EXEMPTION LETTER
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    NONE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Advocates for Multi-Use of Public Lands
    P O Box 11478
    Jackson,WY83002     		  PC Program/General Support 1,000
    ACE Programs for the Homeless
    3030 Northern Blvd Suite B100
    Long Island City,NY11101     		  PC COVID19 Work 5,000
    ACE Programs for the Homeless
    3030 Northern Blvd Suite B100
    Long Island City,NY11101     		  PC 2nd check in 2020 to help with the particular challenges of 2020. 5,000
    ACTON Institute
    98 East Fulton Street
    Grand Rapids,MI49503     		  PC General Support 5,000
    Alzheimer's - New Jersey
    425 Eagle Rock Avenue Suite 203
    Roseland,NJ07068     		  PC Carmen's Walk to Fight Alzheimer's - Raquel's Warriors - in honor of Raquel Lopez (Carmen Quinones) 500
    American Principles Project
    2800 Shirlington Road Suite 1201
    Arlington,VA22206     		  PC Support Educational Materials 20,000
    American Repertory Theatre
    64 Brattle Street
    Cambridge,MA02138     		  PC The grant letter indicated that no portion of this grant may be allocated to Harvard University - only support for A.R.T. 5,000
    American Theatre Wing
    230 West 41st Street Suite 1101
    New York,NY10036     		  PC General Support 8,500
    Americans for Tax Reform Foundation
    722 12th Street NW Fourth Floor
    Washington,DC20005     		  PC General Support 25,000
    Archbridge Institute
    810 7th Street NE
    Washington,DC20002     		  PC Research Initiatives 20,000
    Artspace Inc
    50 Orange Street
    New Haven,CT06510     		  PC Program/General Support 4,200
    Brighter Bites
    P O Box 25456
    Houston,TX77265     		  PC Brighter Bites New York City Program 1,000
    Bryant University
    1150 Douglas Pike
    Smithfield,RI02917     		  PC Program/General Support 2,200
    Calvin Coolidge Presidential Foundation
    P O Box 97
    Plymouth,VT05056     		  PC 2020 Coolidge Dinner 12/9/20 in Washington DC 5,000
    Calvin Coolidge Presidential Foundation
    P O Box 97
    Plymouth,VT05056     		  PC General Support - 2nd funding for 2020 5,000
    Cambodian Living Arts (Living Arts International)
    228 Park Avenue South 49331
    New York,NY10003     		  PC Program/General Support 2,200
    Carolina Ballet
    3401-131 Atlantic Avenue
    Raleigh,NC27604     		  PC Program/General Support 6,200
    Christ Church Episcopal - Redding
    184 Cross Highway P O Box 54
    Redding Ridge,CT06876     		  PC Program/General Support 6,200
    Claremont Institute
    1317 West Foothill Blvd Suite 120
    Upland,CA91786     		  PC American Mind Podcast 20,000
    Committee to Unleash Prosperity
    9008 Belmart Road
    Potomac,MD20854     		  PC Steve Moore (The Heritage Foundation) - Daily Hotline/Newsletter project. 10,000
    Common Good
    3724 24th Street
    Long Island City,NY11101     		  PC Campaign for Common Sense. 20,000
    Community Foundation of Jackson Hole
    245 East Simpson Avenue P O Box 574
    Jackson,WY83001     		  PC For Jackson Hold Classical Academy. Eligible for Old Bill's matching grant. 10,000
    Connecticut Food Bank
    2 Research Parkway
    Wallingford,CT06592     		  PC COVID19 Work 5,000
    Connecticut River Conservancy
    15 Bank Row
    Greenfield,MA01301     		  PC Program/General Support 6,200
    Cystic Fibrosis Foundation
    4550 Montgomery Avenue Suite 1100N
    Bethesda,MD20814     		  PC Program/General Support 3,200
    Cystic Fibrosis Foundation
    4550 Montgomery Avenue Suite 1100N
    Bethesda,MD20814     		  PC Program/General Support 3,200
    Cystic Fibrosis Foundation
    4550 Montgomery Avenue Suite 1100N
    Bethesda,MD20814     		  PC Program/General Support 1,300
    Diocese of Trenton
    701 Lawrenceville Road P O Box 5147
    Trenton,NJ08638     		  PC Program/General Support 2,000
    DOMUS Kids Inc
    83 Lockwood Avenue
    Stamford,CT06902     		  PC Program/General Support 3,000
    Dorothy Day House
    P O Box 12701
    Berkeley,CA94712     		  PC Program/General Support 3,300
    Encounter for Culture and Education (Encore Books)
    900 Broadway Suite 601
    New York,NY10003     		  PC 1619 Project - Encounter Books (requested from The New Criterion) - Wire transfer 5,000
    Equal Justice Initiative
    122 Commerce Street
    Montgomery,AL36104     		  PC Program/General Support 6,200
    Ethics and Public Policy Center
    1730 M Street NW Suite 910
    Washington,DC20036     		  PC Grant approved for $75,000 over 3 years in 2018. 2020 is the 3rd and final installment of a 3-year multi-year grant; 2018 = $25,000, 2019 = $25,000, and 2020 = $25,000 25,000
    Family Care Foundation - Cadanino Guatemala
    L-07 Cadanino 10174 Austin Drive
    1039
    Spring Valley,CA91979     		  PC COVID19 Work. TRF does not normally fund international projects, but this a unique time. 5,000
    Fellowship Foundation Inc (dba The International Foundation)
    P O Box 23813
    Washington,DC20026     		  PC Program/General Support 1,000
    Food Bank of Santa Barbara
    1525 State Street Suite 100
    Santa Barbara,CA93101     		  PC Program/General Support 6,200
    Foundation for Constitutional Government
    350 West 42nd Street 37C
    New York,NY10036     		  PC Program on Constitution Government 100,000
    Foundation for Cultural Review (The New Criterion)
    900 Broadway
    New York,NY10003     		  PC Support for the event honoring Conrad Black in lieu of the 4/30/20 gala that was cancelled. 10,000
    Fund for American Studies
    1706 New Hampshire Avenue NW
    Washington,DC20009     		  PC TFAS Journalism Awards Dinner from 2019 10,000
    God's Love We Deliver
    166 Avenue of the Americas
    New York,NY10013     		  PC Program/General Support 6,200
    Greater Bridgeport - OIC Inc
    510 Barnum Avenue Room 104
    Bridgeport,CA06608     		  PC Program/General Support 6,200
    Greater Bridgeport - OIC Inc
    510 Barnum Avenue Room 104
    Bridgeport,CA06608     		  PC Program/General Support 1,000
    Green America
    1612 K Street NW Suite 600
    Washington,DC20006     		  PC Program/General Support 5,000
    Greenwich Library
    101 West Putnam Avenue
    Greenwich,CT06830     		  PC In honor of Cliff Aness 3,000
    Hillsdale College
    33 East College Street
    Hillsdale,MI49242     		  PC Program/General Support 1,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Shelby Steele; Payment #2 of 3 25,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Richard Epstein; Payment #2 of 3 25,000
    Hoover Institution
    434 Galvez Mall
    Stanford,CA94305     		  PC Niall Ferguson; Payment #2 of 3 50,000
    Hunter College Foundation
    695 Park Avenue Room E 1313
    New York,NY10065     		  PC General Support. 2,750
    Independent Women's Forum (IWF)
    4 Weems Lane 312
    Winchester,VA22601     		  PC Payment# 2 of 2 300,000
    Island Pantry of Martha's Vineyard
    P O Box 1874
    Vineyard Haven,MA02568     		  PC Program/General Support 3,200
    Judicial Watch
    425 Third Street SW Suite 800
    Washington,DC20024     		  PC Program/General Support 2,000
    Just Facts
    641 Shunpike Road 286
    Chatham,NJ07928     		  PC Program/General Support 10,000
    Lantos Foundation
    6 Dixon Avenue Suite 100
    Concord,NH03301     		  PC Program/General Support 1,000
    Let Grow
    228 Park Avenue S 77212
    New York,NY10003     		  PC Multi-Year; Payment #2 of 2 Due in May 2020. Payment #1 in 2019 was processed in October. 100,000
    Little Britches Therapeutic Riding
    P O Box 120
    Woodbury,CT06798     		  PC Program/General Support 2,000
    Little Britches Therapeutic Riding
    P O Box 120
    Woodbury,CT06798     		  PC Program/General Support 1,500
    Long Island Cares (The Harry Chapin Food Bank)
    10 Davids Drive Harry Chapin Way
    Hauppauge,NY11788     		  PC COVID19 Work 5,000
    Maidstone Charitable Trust
    50 Old Beach Lane P O Box 5110
    East Hampton,NY11937     		  PC aka The Frank Collins Caddie Scholarship Trust. Name changed to Maidstone Charitable Trust 3,000
    Manhattan Institute (Hamilton Dinner)
    52 Vanderbilt Avenue 3rd Floor
    New York,NY10017     		  PC Committed to support the dinner - has been rescheduled. Sent via wire transfer. 10,000
    Marist College
    3399 North Road
    Poughkeepsie,NY12601     		  PC Program/General Support 4,000
    MCC Theater
    511 West 52nd Street
    New York,NY10019     		  PC General Support 1,500
    Mount Tabor Ecumenical Centre for Art & Spirituality (Mount Tabor Centre)
    P O Box 700
    Orleans,MA02653     		  PC Program/General Support 5,200
    Mount Tabor Ecumenical Centre for Art & Spirituality (Mount Tabor Centre)
    P O Box 700
    Orleans,MA02653     		  PC Program/General Support 1,000
    Mount Tabor Ecumenical Centre for Art & Spirituality (Mount Tabor Centre)
    P O Box 700
    Orleans,MA02653     		  PC Program/General Support 6,200
    Moving Picture Institute
    375 Greenwich Street
    New York,NY10013     		  PC What Killed Michael Brown - Shelby Steel 50,000
    My Friend Abby Inc
    12 Glenwood Drive
    Trumbull,CT06611     		  PC Program/General Support 3,200
    National Review Institute
    19 West 44th Street Suite 1701
    New York,NY10036     		  PC William F. Buckley Jr. Disinvitation Dinner - Virtual 10/5/20 - rescheduled due to COVID. Bronze Sponsorship. 5,000
    Navy SEAL Foundation Inc
    1619 D Street
    Virginia Beach,VA23459     		  PC Program/General Support 1,000
    Navy SEAL Museum
    3300 North Highway A1A
    Fort Pierce,FL34949     		  PC Support the Sporting Clay Classic - Frogman Sponsor level 5,000
    New American Frontier (Center for the New American Frontier)
    W5027 Cobblestone Road
    Walworth,WI53184     		  PC General Support 5,000
    New York Bully Crew Inc
    1457 Montauk Highway
    East Patchogue,NY11772     		  PC Program/General Support 3,000
    Oaks Academy
    Fall Creek Campus 2301 North Park
    Avenue
    Indianapolis,IN46205     		  PC Program/General Support 1,000
    Oceana
    1025 Connecticut Avenue NW Suite
    200
    Washington,DC20036     		  PC Program/General Support 4,700
    Patient Rights Advocate Inc
    1188 Centre Street Suite 3
    Newton,MA02459     		  PC General Operating Support 25,000
    Patient Rights Advocate Inc
    1188 Centre Street Suite 3
    Newton,MA02459     		  PC General Operating Support 20,000
    Placer Food Bank
    8284 Industrial Avenue
    Roseville,CA95678     		  PC General Support 1,000
    Planned Parenthood South Atlantic
    100 South Boylan Avenue
    Raleigh,NC27603     		  PC Program/General Support 3,200
    Prager University Foundation
    15021 Ventura Blvd 552
    Sherman Oaks,CA91403     		  PC Texas Project 10,000
    Reason Foundation
    5737 Mesmer Avenue
    Los Angeles,CA20230     		  PC Program/General Support 6,200
    Riverside Symphony
    225 West 99th Street
    New York,NY10025     		  PC General Support 5,000
    Sacred Heart Parish and Academy
    1200 Dayton Street SW
    Grand Rapids,MI49504     		  PC General Support 5,000
    Safe Haven for Cats
    8431-137 Garvey Drive
    Raleigh,NC27616     		  PC Program/General Support 6,200
    Saint Vincent College
    300 Fraser Purchase Road
    Latrobe,PA15650     		  PC General Support 5,000
    Second Stage Theater
    1501 Broadway Suite 518
    New York,NY10036     		  PC COVID19 Impact and Relief Funding, Production Support, and support for their Affordable Ticket Initiative. 10,000
    Silvermine Arts Center - Guild of Artists
    1037 Silvermine Road
    New Canaan,CT06840     		  PC Program/General Support 2,000
    Southern Coalition for Social Justice
    1415 West Highway 54 Suite 101
    Durham,NC27707     		  PC Program/General Support 1,200
    SPCA of the Triad
    P O Box 4461
    Greensboro,NC27404     		  PC Program/General Support 6,200
    St Andrews American Foundation
    1201 West Peachtree Street
    Atlanta,GA30309     		  PC Support for the Principal's Discretional Fund. Wire Transfer 10,000
    Texas Public Policy Foundation
    901 Congress Avenue
    Austin,TX78701     		  PC Program/General Support 1,000
    The Conservation Coalition (American Conservation Coalition (ACC))
    P O Box 391
    Appleton,WI54912     		  PC Program/General Support 5,000
    The Haven
    P O Box 273
    Charlottesville,VA22902     		  PC Program/General Support 6,200
    The Trinity Forum
    1000 Vermont Avenue NW
    Washington,DC20005     		  PC Program/General Support 1,200
    Theatre Communications Group
    520 Eighth Avenue 24th Floor
    New York,NY10018     		  PC In honor of David Henry Hwang 2,000
    Thomas More Society
    309 West Washington Street Suite
    1250
    Chicago,IL60603     		  PC Amistad Election Integrity Project 10,000
    University of North Carolina at Chapel Hill - Arts & Science Foundation
    University of North Carolina Chapel
    Hill 523 East Franklin Street
    Chapel Hill,NC27514     		  PC Grant to support the Program for Public Discourse under the Arts & Science Foundation. 10,000
    University System of Maryland Foundation
    University of Maryland
    College Park,MD20742     		  PC Marriage Penalties Project - matching gift -last funding in for project. 25,000
    Village Preservation Society of East Hampton
    P O Box 2015
    East Hampton,NY11937     		  PC COVID19 Work - East Hampton Eats 2,500
    Wayuu Taya Foundation
    P O Box 328
    Midland Park,NJ07432     		  PC General Support 1,500
    Weston A Price Foundation
    4200 Wisconsin Avenue NW 106-380
    Washington,DC20016     		  PC General Support 2,500
    World Central Kitchen
    1342 Florida Avenue NW
    Washington,DC20009     		  PC Program/General Support 2,300
    Wounded Warrior Project
    P O Box 758516
    Topeka,KS66675     		  PC Program/General Support 2,300
    Yale University
    P O Box 2038
    New Haven,CT06521     		  PC Yale University - Trotman Family Scholarship Fund 10,000
    Total .................................bullet 3a 1,238,750
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 11,192  
    4 Dividends and interest from securities.... 900000 43,940 14 310,320  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900000 3,000,292 18 3,271,705  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSILENT CAL PRODUCTIONS     		    14 152  
    bCAPITAL MIDWEST FUND     14 -4,728  
    cNEW VERNON MATRIX     14 30,110  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 3,044,232 3,618,751 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    6,662,983
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OWEN J. FLANAGAN & CO 40,000 16,000   24,000
    PKF O'CONNOR DAVIES 30,000 0   30,000

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE CONDOMINIUM 1993-06-29 1,000,295 672,550 SL 39.000000000000 25,649 0    
    LEASEHOLD IMPROVEMENTS 2000-08-01 124,228 62,808 SL 39.000000000000 3,452 0    
    OFFICE EQUIPMENT 2018-01-01 36,493 28,421 SL 5.000000000000 2,691 0    
    OFFICE FURNITURE 2013-01-01 127,701 104,745 SL 7.000000000000 2,063 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABCAM PLC 186,706 186,706
    AIA Group 241,364 241,364
    Alcon Inc. 155,185 155,185
    Alibaba Group 340,177 340,177
    Align Tech 236,730 236,730
    Alphabet Inc 401,355 401,355
    Amazon 211,700 211,700
    Apple Inc. 430,314 430,314
    Bank Central Asia 177,803 177,803
    CD Projekt SA 110,501 110,501
    CME Group 194,247 194,247
    Cognizant Tech Solutions 85,720 85,720
    CTRIP.COM INTL/TRIP.COM 139,136 139,136
    DBS GROUP HOLDINGS 142,493 142,493
    Deere & Co 203,671 203,671
    EBAY Inc. 126,178 126,178
    EDWARDS LIFESCIENCES CORP 138,578 138,578
    EPAM Systems 177,383 177,383
    Estee Lauder Companies 154,124 154,124
    Etsy 221,498 221,498
    Exxon Mobil 123,248 123,248
    Facebook 344,182 344,182
    Fanuc Ltd. 89,528 89,528
    First Republic Bank 380,696 380,696
    GENMAB 132,769 132,769
    HDFC Bank 287,956 287,956
    Icici Bank LTD. 165,674 165,674
    Illumina Inc 400,710 400,710
    INTUITIVE SURGICAL INC 139,077 139,077
    ITAU Unibanco 328,787 328,787
    Keyence Corp 139,319 139,319
    Kone 129,082 129,082
    Kubota 117,734 117,734
    L'Air Liquide SA 108,741 108,741
    Linde PLC 106,110 106,110
    Lonza Group AG 234,504 234,504
    LOreal 154,393 154,393
    Makita Corp 110,165 110,165
    Mastercard Inc. 310,895 310,895
    Microsoft 216,415 216,415
    MISUMI GROUP INC 62,294 62,294
    Nestle Sa -Reg 127,342 127,342
    Netease Inc 145,365 145,365
    Network International 56,877 56,877
    Nike Inc 291,145 291,145
    NVIDIA Corp 169,715 169,715
    Petros Pharmaceuticals 5,632 5,632
    Proto Labs Inc 150,179 150,179
    ROCHE HOLDING AG-GENUSSCHEIN 185,141 185,141
    Roper Industries Inc 130,189 130,189
    RTS- Banco Bilbao Vizcaya 56,958 56,958
    Salesforce.com 144,645 144,645
    Schneider Electric 135,916 135,916
    Shiseido Co Limited 110,587 110,587
    Sonova Holding AG 110,454 110,454
    SPDR Gold Trust 356,720 356,720
    Standard Chartered PLC 122,335 122,335
    SVB Financial Group 186,934 186,934
    Symrise AG 185,739 185,739
    Synaptogenix Inc 1,920 1,920
    Synopsys Inc 190,023 190,023
    Sysmex Corp 202,493 202,493
    TEAMVIEWER AG 104,052 104,052
    Tencent Holdings 174,571 174,571
    Thermo Fisher Scientific Inc. 183,052 183,052
    TradeWeb Markets 125,275 125,275
    Verisk Analytics Inc. 224,405 224,405
    Vertex Pharmaceuticals 344,111 344,111
    VF Corp 130,250 130,250
    Walt Disney 157,445 157,445
    Workday Inc 143,766 143,766
    Yandex NV 91,011 91,011
    Paypal Holdings Inc 500,485 500,485

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    US Government Securities - End of Year Book Value:

    2,007,104
    US Government Securities - End of Year Fair Market Value:

    2,007,104
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ESSEX PERFORMANCE FUND LP FMV 10,880,434 10,880,434
    RICHARDSON PROPERTIES LLC FMV 297,327 297,327
    MARINER ATLANTIC FMV 10,467,138 10,467,138
    NEW VERNON INDIA FMV 8,803,850 8,803,850
    SILENT CAL PRODUCTIONS FMV 29,645 29,645
    FOREIGN GOVERNMENT OBLIGATIONS FMV 517,709 517,709
    NEW VERNON MATRIX FMV 4,368,497 4,368,497
    CAPITAL MIDWEST FUND III FMV 2,323,703 2,323,703

    TY 2020 LandEtcSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE CONDOMINIUM 1,000,295 698,199 302,096  
    LEASEHOLD IMPROVEMENTS 124,228 66,260 57,968  
    OFFICE EQUIPMENT 36,493 31,112 5,381  
    OFFICE FURNITURE 127,701 106,808 20,893  


    TY 2020 LegalFeesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    REED SMITH LLP 11,611 0   11,611


    TY 2020 OtherAssetsSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROCEEDS FROM PENDING SALES   3,971 3,971


    TY 2020 OtherExpensesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE 30,469 9,141   21,328
    COMPUTER SERVICES 104,308 31,292   73,016
    REPAIRS & MAINTENANCE 1,900 570   1,330
    POSTAGE 3,879 0   3,879
    PROPOSAL REVIEW 800 0   800
    OTHER 3,013 904   2,109
    MEMBERSHIPS 23,456 7,037   16,419
    DIRECTORS AND OFFICERS INSURANCE 1,554 382   1,172
    PROGRAM RESEARCH 1,745 0   1,745


    TY 2020 OtherIncomeSchedule2
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SILENT CAL PRODUCTIONS 152 152 152
    CAPITAL MIDWEST FUND -4,728 -4,728 -4,728
    NEW VERNON MATRIX 30,110 30,110 30,110


    TY 2020 OtherIncreasesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Description Amount
    UNREALIZED APPRECIATION 4,482,340


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESSEX PERFORMANCE FUND LP 100,996 71,575   0
    HARDING LOEVNER INVESTMENT ADVISORY 174,352 174,352   0
    JP MORGAN CHASE 17,124 17,124   0
    CAPITAL MIDWEST FUND 50,000 50,000   0
    RICHARDSON PROPERTIES 663 663   0
    NEW VERNON MATRIX 36,166 36,166   0
    SEI ARCHWAY 20,000 20,000   0
    CAMPION 54,000 0   54,000


    TY 2020 TaxesSchedule
    Name:
    THE RANDOLPH FOUNDATION
    EIN:
    47-0892971
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 10,831 10,831   0
    UNRELATED BUSINESS INCOME TAX 110,000 0   0
    EXCISE TAX 13,000 0   0